Us Debt Ceiling Crisis
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US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
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Bitcoin Price Rises, Most Altcoins Recover as Investors Remain Cautious Amid US Debt Ceiling Crisis
Bitcoin and Ether recorded gains after over a week in trading in losses. Cardano, Solana, and Tron recorded profits alongside Dogecoin and Shiba Inu. Only some altcoins registered losses today, which include Leo, Circuits of Value, and Kishu Inu. The valuation of the overall crypto market went up by 2.69 percent in the last 24 hours.
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US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
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Bitcoin, Ether Show Resilience Amid US Debt Ceiling Crisis as Stablecoins See Dips: Details
The overall valuation of the crypto sector rose by 0.48 percent in the last 24 hours. As Bitcoin and Ether recorded miniscule gains, they were joined by Litecoin, Polkadot, and Cardano on the profit-making side of the crypto price tracker. Shiba Inu joined Stellar and Bitcoin Cash in settling in losses.
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Debt Ceiling: Will The US Default On June 1? What Will Happen If It Does? An Explainer
If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.
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Debt limit deadline key for resolving negative watch on US: Fitch
As a short-term fix to the debt ceiling crisis in October, the Congress government had suspended the debt limit - the maximum amount of debt the federal government can issue to the public and other federal agencies until February 7, 2014.
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US debt crisis averted, but retailers face season of uncertainty
After weeks of bickering between Congress and the White House, President Barack Obama on Wednesday signed into law a plan that ended a partial 16-day government shutdown and suspended the United States' debt limit until early next year.
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Post-crisis, Obama tells Congress to get to work
President Barack Obama urged Congress to turn to matters like immigration reform on Thursday as Washington picked up the pieces from a destructive fiscal crisis that has slowed the US economy and undermined the country's international standing.
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India Inc expresses relief over end of US shutdown
Expressing relief over the end of the shutdown in the US, India Inc has if the crisis had continued, the consequent debt default would have been "disastrous" for Indian economy and exports.
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Why Sensex has not rallied despite US deal on debt crisis
Indian stock markets were unmoved by a last minute deal in the US to end the government shutdown and avert a damaging debt default on Wednesday. The BSE Sensex and the 50-share Nifty benchmark overlooked a global rally triggered by the US deal overnight.
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US default or not, dollar may still retain its shine
As the dust settles on the global credit crisis, a new world financial order may be emerging - but one possibly more dependent than ever on the United States protecting the dollar's position as dominant reserve currency.
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Fitch warns US with sovereign downgrade over debt crisis
Fitch is the only one of the three major credit rating agencies to have a negative outlook on the U.S. sovereign credit. Standard & Poor's downgraded the rating to AA-plus with a stable outlook during the last debt ceiling impasse, in August 2011.
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US debt ceiling crisis would start quiet, go downhill fast
If Washington doesn't reach a deal soon to keep paying its bills, an economic crisis could start unfolding so quietly on Thursday it will give little hint of its potential to throw millions of Americans out of work.
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US still in fiscal deadlock, but glimmers of hope emerge
A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.
-
Frozen by shutdown, US warns of 'catastrophic' default
The US Treasury meanwhile warned of "catastrophic" consequences if there is no deal within weeks to raise the country's debt ceiling, and the IMF chief said navigating a way out of that next crisis was "mission critical."
-
US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
-
Bitcoin Price Rises, Most Altcoins Recover as Investors Remain Cautious Amid US Debt Ceiling Crisis
Bitcoin and Ether recorded gains after over a week in trading in losses. Cardano, Solana, and Tron recorded profits alongside Dogecoin and Shiba Inu. Only some altcoins registered losses today, which include Leo, Circuits of Value, and Kishu Inu. The valuation of the overall crypto market went up by 2.69 percent in the last 24 hours.
-
US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
-
Bitcoin, Ether Show Resilience Amid US Debt Ceiling Crisis as Stablecoins See Dips: Details
The overall valuation of the crypto sector rose by 0.48 percent in the last 24 hours. As Bitcoin and Ether recorded miniscule gains, they were joined by Litecoin, Polkadot, and Cardano on the profit-making side of the crypto price tracker. Shiba Inu joined Stellar and Bitcoin Cash in settling in losses.
-
Debt Ceiling: Will The US Default On June 1? What Will Happen If It Does? An Explainer
If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.
-
Debt limit deadline key for resolving negative watch on US: Fitch
As a short-term fix to the debt ceiling crisis in October, the Congress government had suspended the debt limit - the maximum amount of debt the federal government can issue to the public and other federal agencies until February 7, 2014.
-
US debt crisis averted, but retailers face season of uncertainty
After weeks of bickering between Congress and the White House, President Barack Obama on Wednesday signed into law a plan that ended a partial 16-day government shutdown and suspended the United States' debt limit until early next year.
-
Post-crisis, Obama tells Congress to get to work
President Barack Obama urged Congress to turn to matters like immigration reform on Thursday as Washington picked up the pieces from a destructive fiscal crisis that has slowed the US economy and undermined the country's international standing.
-
India Inc expresses relief over end of US shutdown
Expressing relief over the end of the shutdown in the US, India Inc has if the crisis had continued, the consequent debt default would have been "disastrous" for Indian economy and exports.
-
Why Sensex has not rallied despite US deal on debt crisis
Indian stock markets were unmoved by a last minute deal in the US to end the government shutdown and avert a damaging debt default on Wednesday. The BSE Sensex and the 50-share Nifty benchmark overlooked a global rally triggered by the US deal overnight.
-
US default or not, dollar may still retain its shine
As the dust settles on the global credit crisis, a new world financial order may be emerging - but one possibly more dependent than ever on the United States protecting the dollar's position as dominant reserve currency.
-
Fitch warns US with sovereign downgrade over debt crisis
Fitch is the only one of the three major credit rating agencies to have a negative outlook on the U.S. sovereign credit. Standard & Poor's downgraded the rating to AA-plus with a stable outlook during the last debt ceiling impasse, in August 2011.
-
US debt ceiling crisis would start quiet, go downhill fast
If Washington doesn't reach a deal soon to keep paying its bills, an economic crisis could start unfolding so quietly on Thursday it will give little hint of its potential to throw millions of Americans out of work.
-
US still in fiscal deadlock, but glimmers of hope emerge
A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.
-
Frozen by shutdown, US warns of 'catastrophic' default
The US Treasury meanwhile warned of "catastrophic" consequences if there is no deal within weeks to raise the country's debt ceiling, and the IMF chief said navigating a way out of that next crisis was "mission critical."
